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Updated over 11 years ago on . Most recent reply

User Stats

160
Posts
1
Votes
Louise Whidby
  • Wilmington, NC
1
Votes |
160
Posts

BP please HELP

Louise Whidby
  • Wilmington, NC
Posted

I sent out yellow letters to Expired Listings. I received a call thru Google VM, seller left message. His message was so intimidating to me. He had his house on market for $99,000, someone made him an offer of $80k's that he turned down. I am a wholesaler with no money. He says he has been in Real Estate biz for over 40yrs as a hobby. I can call him back if I can come up with Tenative numbers, if not don't waste his time. Is this a deal I should walk away from because he doesn't seem that MOTIVATED to me. He says he has 20 other homes he will start liquidating soon. Ugh!! So frustrating. Am I too eager to get my first deal?

Most Popular Reply

User Stats

356
Posts
114
Votes
Paul Sorgi
  • Real Estate Investor
  • Abington, MA
114
Votes |
356
Posts
Paul Sorgi
  • Real Estate Investor
  • Abington, MA
Replied

Let's forget that you just got called by Donald Trump and determine if you should call him back.

You know the house was on the market and for how much. You also know the address. Comp the property to determine the ARV. You are going to need an ARV of 150k or more to consider this a deal or to determine the sellers motivation. If the ARV is closer to the 99k you have no deal or motivation and you can comfortably walk away. There is no law saying you have to call him back.

You might want to call Donald and hear him out because there could be underlying circumstances that may change his motivation in the future.

But don't beat yourself up over it.

Wish you the best

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